It's Christmas, time to think outside the box with this gift for all our readers.

Webb-site launches WebbCoin17 December 2017

The time has come for a major breakthrough, a replacement for old-fashioned, inefficient
crypto-pseudo-currencies. Webb-site is pleased to announce the global launch of
WebbCoin, the World's first centralised crypto-currency system. Run on
a single authoritative server, the WebbChain ledger will overcome the
"double-spend" problem that Blockchain seeks to solve, replacing Blockchain's
laborious "proof of work"
in massive, environmentally unfriendly server farms with "proof of ownership" in
a single, centralised ledger. We will of course run clustered backups in secure,
geographically diverse datacentres around the world.

WebbCoin will initially come in three units of account: the Webble, the
Wibble and the Wobble. There will be 100 Wibbles per Webble and 100 Wobbles per
Wibble. We promise that only 1 million Webbles will ever be issued, making them
21 times rarer than Bitcoins. The entire money supply of 1 million Webbles will
be equivalent to 100 million Wibbles or 10 billion Wobbles. You can see a
scaling problem looming here which may undermine our use-case, so when the
entire $80 trillion global economy has shifted to WebbCoin, we will introduce a
smaller unit of account, the Wubble, with 100 Wubbles per Wobble.

Every user will have a secure Webb-Wallet on Webb-site to hold their
WebbCoins and will be able to log in on any device and instantly transfer any
amount of Webbles, Wibbles or Wobbles to any other user. No more waiting for 30
minutes while 3 "blocks" are mined on a blockchain to confirm your transaction
and your coffee gets cold while the servers get hot. Unconstrained by blocks and
block-size, the WebbChain ledger will allow unlimited transactions at zero cost,
eliminating the ever-increasing Bitcoin transaction fees. We'll sell ads
instead. Or cannabis.

Having finite supply, with no further issuance after the initial coin
distribution, WebbCoin will be a better store of value than gold or Bitcoin. We
can hear the herd coming. The total value of all gold ever mined is about $6
trillion, so when WebbCoin surplants gold as a more modern and convenient store
of value, each Webble will be worth about $6m. Who wants the inconvenience of
storing gold, silver or other commodites in vaults when you can store WebbCoin in
a Webb-Wallet?

Now of course, you might be wondering how we will determine the initial
allocation of WebbCoin. In the interests of social equity, we thought about
giving 1.32 Wobbles to each of 7.6 billion people on the planet, but we don't yet
have all their e-mail addresses, and they don't yet all have one, so we decided
instead that after 19 years of loyal support, each of Webb-site's 24,000 subscribers
should be able to get in on the ground floor of the future of money, so we will
give each subscriber 40 Webbles and keep 40,000 for ourselves because that will
only be 4% of supply.

But it's Christmas after all, so having regard to the ratio of global Webbles
to Bitcoins, we will be willing to exchange our retained Webbles starting at the
rate of 21 Bitcoins per Webble, in order to give Bitcoin owners a chance to
avoid the coming crash and get something of real value. That offer will last for
1 week from tomorrow, after which we will double the price to 42 Bitcoins per
Webble, then 84 Bitcoins per Webble starting on New Year's Day, if we have not
already sold out. WebbCoin is the future of crypto-currencies. You know it makes
sense. Bitcoin is so 2008.

So have yourselves a Webbly Wibbly Wobbly Christmas, and don't spend it all
at once, or at all - because there is only one way that WebbCoin can go.